🚨 BREAKING: Bitcoin dropped below $85,000, leading to a massive $800 million in leveraged position liquidations over the past 24 hours.

This significant liquidation event signals a classic "mid-cycle cleansing." It indicates that overleveraged long positions were hunted down, not that there was a new macro trigger or a shift in market narrative.

Instead, this appears to be a natural process of liquidity harvesting. Such market resets are often seen as constructive, improving the overall setup rather than worsening the outlook for Bitcoin.

$BTC

#MyCryptoNest